Hilltop Wealth Advisors LLC Cuts Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Hilltop Wealth Advisors LLC decreased its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 95.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 19,869 shares of the company’s stock after selling 445,906 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF makes up 0.6% of Hilltop Wealth Advisors LLC’s holdings, making the stock its 26th biggest holding. Hilltop Wealth Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,143,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in JEPQ. Kingstone Capital Partners Texas LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 99,863.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 86,131,764 shares of the company’s stock worth $4,615,759,000 after buying an additional 86,045,601 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 31.7% during the second quarter. JPMorgan Chase & Co. now owns 29,163,134 shares of the company’s stock worth $1,586,475,000 after acquiring an additional 7,027,261 shares during the period. Bank of America Corp DE increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the second quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock worth $605,843,000 after acquiring an additional 1,533,280 shares during the period. Raymond James Financial Inc. raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.5% in the second quarter. Raymond James Financial Inc. now owns 3,913,522 shares of the company’s stock valued at $212,896,000 after acquiring an additional 94,985 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 15.5% in the second quarter. Ameriprise Financial Inc. now owns 3,693,167 shares of the company’s stock valued at $201,043,000 after purchasing an additional 496,258 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ opened at $59.34 on Friday. The business has a fifty day moving average price of $58.31 and a 200 day moving average price of $56.40. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $44.31 and a 12 month high of $59.43. The stock has a market capitalization of $32.04 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Monday, December 1st were given a dividend of $0.5532 per share. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.48. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend was Monday, December 1st.

JPMorgan Nasdaq Equity Premium Income ETF Profile

The J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund of US large-cap companies from the Nasdaq-100 Index, assessed and managed using ESG factors and a proprietary data science driven investment approach. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.